Accounts Receivable - Branch Accountant - Nashar Trading Company Accounting/Banking/Finance jobs in ksa

Accounting/Banking/Finance Jobs in Saudi Arabia Accounts Receivable - Branch Accountant - Nashar Trading Company
Jobs Accounting/Banking/Finance Jobs in Saudi Arabia in Saudi Arabia

Job Purpose And Scope

Ensures the settlement of outstanding customers’ collection are recorded and deposited daily in bank. Reviews customers’ credit limits prior issuing sales invoices, customers’ accounts reconciliation, coordinate with salesmen and sales supervisor for outstanding balances collection, create system input customers’ settlements, and highlight problematic customers’ accounts to Credit Controller and Accounting Manager. Coordinate with storekeeper to collect full sequence of goods’ signed invoices that delivered to customers and verify returns.

Customers’ Collection

1. Collect and record customers payments on daily basis as collected by sales representative
2. Deposit cash and cheques collection in bank on daily basis
3. Reconcile branch’s bank account and send it bank reconciliation to General Ledger  Accountant/ Cash & Banks Accountant on daily basis
4. Confirm safe cash balance and bank deposits with head office General Ledger  Accountant/ Cash & Banks Accountant on daily basis
5. Reconcile actual safe cash balance against record
6. Exchange small banknotes (i.e. one, five or ten Riyals banknotes) for large banknotes
7. Allocate customers’ payments and credit notes against issued invoices using system offset facility or payment allocation
8. Apply and ensure full compliance with Cash and Banks Policies and Procedures

Customers’ balances and credit limits

1. Prepare customers’ aging report on daily basis and coordinate with salesmen for daily collection of due / overdue balances
2. Highlight blocked sales orders due to exceeding credit limits or period, then coordinate with salesmen for customers’ payment collection and with head office for order unblock/release
3. Reconcile Key Accounts (i.e. Panda, Othaim & etc.) statements, handle rebates and verify contractual related credit notes
4. Shows awareness of the Key Accounts annual agreements and deductions 
5. Prepare monthly customers’ statements after head office approval for monthly cut-off
6. Obtain quarterly customers’ balances confirmation
7. Follow Credit Controller instructions in relation to credit notes issuance and recording, and reconcile customers’ accounts statements 

Invoices Issuance

1. For invoices issuance, Branch Accountant should obtain approved sales order by Branch Sales Manager
2. Review sales invoice and pick-up list against sales order prior sending to storekeeper
3. Only issue the customer’s invoice upon goods delivery 
4. Coordinate with storekeeper to collect full sequence of goods’ signed invoices that delivered to customer. 
5. Check customers’ stamp and signature on delivered delivery notes and invoices, ensure that no alterations made on the sales invoice (i.e. quantity, price or item)
6. Obtain Key Accounts customers’ Receipt Note issued by them, and verify it against our issued invoice
7. Verify quantity and items differences with storekeepers and price differences with sales supervisor

Inventory Control

1. Conduct monthly stocktaking on finished goods in warehouse and vans. Prepare physical count report and send it to head office for verification 
2. Verify returns quantity and items with storekeepers and prepare physical count report and send it to head office for verification, review the Return Material Authorization and subsequently issue credit note 
3. Verify and attend the disposal of written-off items
4. Other duties/responsibilities as assigned

Job Details

Posted Date:	2020-11-12
Job Location:	Medina, Saudi Arabia
Job Role:	Accounting and Auditing
Company Industry:	Retail & Wholesale

Preferred Candidate

Career Level:	Mid Career
Gender:	Male
Nationality:	Saudi Arabia
Degree:	Bachelor's degree

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